Looking for a great deal on car finance but can’t decide which is for you? Your options are:
1. Car Loan
2. Car Finance
3. Car Hire Purchase
4. Car Lease Purchase
5. Personal Contact Purchase
6. Car refinance
Still confused – read on for the pros and cons of each and it might make it a bit clearer for you
Car Loan – like an ordinary loan where you borrow money for a car and agree to pay it back over a set period of time.
Car Finance – Car Finance allows you to get the car you want through the use of traditional car finance
Car Refinance – car refinance allows you to borrow money against your car and free up some cash.
Car Hire Purchase - Car Hire Purchase allows you to arrange finance and pay for the car over a set amount of time.
Car Lease Purchase – Car lease Purchase allows you to pay for the car as you go, with an option at the end of a set period to return the car, get a new model and a new deal or for a lump sum pay for the car outright.
Personal Contact Purchase – Allows you to have lower monthly payments, as well with a minimum future value of the car makes this perfect for the individual.
Click on any of the links for further information, it will be worth the read.
Thursday, 12 March 2009
How to Finance your Car
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